StockNews.com Begins Coverage on Reed’s (OTCMKTS:REED)

StockNews.com began coverage on shares of Reed’s (OTCMKTS:REEDGet Free Report) in a report issued on Thursday. The brokerage set a “sell” rating on the stock.

Separately, Roth Capital reaffirmed a “buy” rating on shares of Reed’s in a report on Wednesday, April 23rd.

Check Out Our Latest Research Report on Reed’s

Reed’s Trading Down 4.9 %

Shares of OTCMKTS:REED opened at $1.75 on Thursday. The company has a 50 day moving average of $1.48 and a 200 day moving average of $1.15. The stock has a market cap of $79.40 million, a P/E ratio of -0.43 and a beta of 0.62. Reed’s has a 12 month low of $0.51 and a 12 month high of $1.93.

Reed’s (OTCMKTS:REEDGet Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $9.73 million for the quarter, compared to analysts’ expectations of $8.68 million. On average, equities analysts forecast that Reed’s will post -1.22 earnings per share for the current fiscal year.

About Reed’s

(Get Free Report)

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.

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